Interesting allegations have surfaced regarding South Korean technology giant LG. According to local publication EBN, the company has been negotiating with Chinese manufacturer Hisense about a possible restructuring of its television business, and even a full sale option was discussed in this direction.
Interestingly, the article in which the news was published was later removed from the EBN website. This raises two different possibilities: either the negotiations really took place and the dissemination of the information was considered undesirable, or the news was not reliable enough. Therefore, it is recommended to approach the information that has been disseminated with caution.
Recall that LG had already completely left the smartphone market a few years ago. Now, the emergence of such news regarding the television business is noteworthy. Although the company is considered one of the world leaders in the production of OLED panels, the pressure of Chinese brands in the budget and mid-range segments is gradually increasing.
In recent years, companies such as TCL and Hisense in particular have become serious forces in the market. Therefore, various assumptions are being made regarding LG's future strategy.
However, shortly after the news broke, LG issued an official statement denying the claims that it was in talks with Hisense to sell the device. However, there are many in the tech world who believe that such rumors are not accidental.
